May 6, 1965 (26th Parliament, 3rd Session)

RA

Gilles Grégoire

Ralliement Créditiste

Mr. Gregoire:

I should like to direct another question to the Minister of Finance.
Does he agree with the statement made by Mr. Graham Towers, former governor of the Bank of Canada, who, in 1940, said that chartered banks had the right to multiply their money when they granted loans, while the savings banks did not have the same right?
Is the Minister of Finance ready to grant this same right to the savings banks and to the caisses populaires?

Topic:   QUEBEC SAVINGS BANKS ACT
Subtopic:   DECENNIAL REVISION AND EXTENSION OF POWERS
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